Showing posts with label PartnerRe. Show all posts
Showing posts with label PartnerRe. Show all posts

Tuesday, 14 April 2015

Quelle surprise: Agnellis launch multi-billion dollar insurance/reinsurance takeover deal

It would appear Exor - the Agnelli family trust - has bitten the bullet and moved on from buying a 20pc stake in Swiss Re.

Exor - controlled by chairman and CEO John Elkann - has just announced it is launching a $6.4 billion all cash takeover offer for US-listed insurance and reinsurance company PartnerRe, trumping a previous $11 billion merger with Axis Capital. Here is a link to the Exor press release: